Orvium (ORV)

Overview

Project stage

Only a whitepaper

Detailed description

Orvium is the first open source and decentralized framework for managing scholarly publication’s life cycles and the associated data. Our goal is to help the scientific community share its publications, eliminate existing inefficiencies and biases of the publication market and improve the quality and effectiveness of the publication life cycle

Orvium is intended to eliminate existing market inefficiencies and to improve the quality and effectiveness of the scientific publication life cycle. The ultimate objective is for Orvium to be the leading publication platform for the research community while returning the benefits of science to society.

Problem

The scientific publishing industry is one of the most profitable in the world. The top five publishers account for 50% to 70% of all publications, and their profit margins have been reported to exceed those of companies such as Google, Amazon and Apple. In 2015, the global market for scientific, technical, and medical (STM) publications was an estimated $25 billion. In contrast to any other publishing industry, private scientific publishers have pushed the publication efforts and costs to the research community. Scientific publishers have created an awkward triple-pay system:

Governments fund most of the research

Volunteer scientists—usually paid by the government or research institutes—review the work

Publishers sell the product back to governmental institutions and universities.

Scientists and research institutions regularly criticize this outrageous economic model, which compromises the dissemination and growth of scientific knowledge, a process responsible for some of the most revolutionary changes in human history. Moreover, the current publication model has several problems affecting the research community, including high publication costs; copyrights held by publishers rather than authors; long, opaque and oftentimes biased publication and peer review process; lack of rewards and recognition for reviewers; and a proliferation of low-quality journals.

In the last few decades, several initiatives have tried to improve this situation. However, these initiatives have been insufficient to reverse market inefficiencies and barriers.

Solution

Orvium leverages a unique and seamless integration of cutting-edge technologies: Ethereum blockchain and smart contracts, decentralized storage solutions, big data analytics, and cloud computing, to create a platform to process, validate, and disseminate research data and results. The Orvium platform is characterized by the following:

Instantaneous proof-of-existence. Manuscripts are available from the moment they are submitted to Orvium.

Copyright and licenses are owned and transferable by authors. Authors retain control of their work and its potential economic benefits.

Optimal publication and access costs. The prices are not influenced by monopolistic or oligopolistic market structures.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :ORV

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 20,000,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :379,000,000 ORV

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :227,400,000 ORV

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Soon(Start TBA)

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Canada, China, Hong Kong, Singapore, South Korea, Vietnam,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Activity

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